The
President today announced his intention to nominate C. William Verity, Jr., of Middletown, OH, to be Secretary of
Commerce.

Mr.
Verity retired in 1982 as chairman of the board of Armco, Inc., in Middletown, OH. He joined the company
in 1940 and was elected president and chief executive officer in 1965 and
chairman of the board in 1971. In 1981 he was appointed to serve as Chairman of
the President's Task Force on Private Sector Initiatives (PSI). In 1983 he was
appointed to be a member of PSI's Advisory Council
and since 1985 has served on PSI's Board of Advisors.
Mr. Verity was chairman of the U.S. Chamber of Commerce, 1980 - 1981.

Mr.
Verity graduated from YaleUniversity (B.A., 1939). He served
in the U.S. Navy, 1942 - 1946. Mr. Verity was born January
26, 1917,
in Middletown, OH. Mr. Verity is married,
has three children, and resides in Middletown, OH.